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Sold on 29 Aug 2024 for $867,000

418/386 King Street
Newcastle NSW 2300

Bedrooms: 2
Bathrooms: 2
Car spaces: 1
Floor area: 121m2
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Property Details for 418/386 King St, Newcastle

418/386 King St, Newcastle is a 2 bedroom, 2 bathroom Apartment with 1 parking spaces. The property has a floor size of 121m2. While the property is not currently for sale or for rent, it was last sold in August 2024. There are other 2 bedroom Apartment sold in Newcastle in the last 12 months.

Building Type
Apartment
Floor Size
121m2
Local Government
Newcastle
Lot/Plan
19/SP104951

Last Listing description (August 2024)

Auction Location: 2/16 Telford Street, Newcastle East & Live via Buy.Realtair.com

Discover the epitome of contemporary living at the award-winning Sky Residences, nestled in the heart of the Newcastle CBD. Positioned on the fourth floor, this stunning apartment offers a blend of sophistication and comfort, designed to cater to your every need.

Step into the gourmet black kitchen, where sleek design meets functionality with a double sink, integrated fridge, dark island, and premium Smeg appliances including a microwave oven.

The light-filled living space enjoys views over the Newcastle Harbour waterfront and bustling Hunter Street, framed by floor-to-ceiling windows and complemented by beautiful floors. The over-sized sun-filled balcony is the perfect spot to entertain family and friends and enjoy the views.

The main bedroom features plush dark carpet, a walk-in robe, sleek ensuite with black tapware and direct access to the balcony to enjoy a morning coffee. The second bedroom is a generous size and features a built-in wardrobe and supported by the main bathroom with walk-in shower and built-in mirrored cabinetry.

Functional spaces throughout the apartment include an entry foyer with study nook area, cupboard storage and a European style laundry.

Residents will benefit from a secure parking space and storage cage, and access to fantastic amenities including a gym, outdoor swimming pool found on the third floor, and rooftop terrace, enhancing the comfort of ultra-modern urban living.

Located on King Street, you will be within walking distance to Marketown Shopping Centre, the Light Rail network, and the Honeysuckle dining precinct, with these lifestyle amenities further heightening the experience of living at Sky. Take advantage today of owning an exclusive apartment in the heart of Newcastle.

- Two-bedroom, two-bathroom apartment in award winning complex
- Open plan kitchen, living and dining area
- Integrated Dishwasher
- Laundry with inclusion of dryer
- Entry foyer, storage and European laundry
- Beautiful floor coverings throughout the living and kitchen, carpets to the bedrooms
- Expansive balcony with gorgeous views of Newcastle and the harbour
- Secure parking for one car on the bottom floor of the garage
- Extras include ducted air-conditioning, storage cage and security intercom
- Central location in the heart of the CBD

Outgoings:

Council rates - $1,508 p.a. approx.*
Water rates - $760 p.a. approx.*
Strata rates - $1,671 p.q. approx.*

This property is being sold under the Friendly Auction System.

An independent strata inspection report is available on request at no charge to you. This is the type of report your solicitor would usually recommend purchasing before bidding at an auction or before making an unconditional offer prior to auction and are conducted by a panel of reputable companies. The companies have consented to friendly auction terms and will generally be happy to speak to you about your queries in reports and in most cases transfer the reports into your name if you are the successful buyer at auction or prior to auction.

Flexible deposit and settlement conditions are also available by negotiation with the agent if required.

Offers can also be made prior to auction and each offer will be assessed on its merits.

Bid and buy with confidence in this consumer driven, transparent auction system that was pioneered here in Newcastle but is now in use across Australia. We also have a downloadable guide available on our website.

Disclaimer:
All information provided by Presence Real Estate in the promotion of a property for either sale or lease has been gathered from various third-party sources that we believe to be reliable. However, Presence Real Estate cannot guarantee its accuracy, and we accept no responsibility and disclaim all liability in respect of any errors, omissions, inaccuracies or misstatements in the information provided. Prospective purchasers and renters are advised to carry out their own investigations and rely on their own inquiries. All images, measurements, diagrams, renderings and data are indicative and for illustrative purposes only and are subject to change. The information provided by Presence Real Estate is general in nature and does not take into account the individual circumstances of the person or persons objective financial situation or needs.

Property History for 418/386 King St, Newcastle, NSW 2300

A timeline of how this property has performed in the market
Last Sold
$867,000
29 Aug 2024
  • 29 Aug 2024
    Sold for $867,000
  • 04 Aug 2024
    Listed for Sale $835,000 - $915,000 Friendly Auction
  • 04 Jul 2022
    Listed for Rent $810 / week
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About Newcastle 2300

The size of Newcastle is approximately 4.9 square kilometres. It has 25 parks covering nearly 10.5% of total area. The population of Newcastle in 2011 was 2,384 people. By 2016 the population was 2,752 showing a population growth of 15.4% in the area during that time. The predominant age group in Newcastle is 20-29 years. Households in Newcastle are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Newcastle work in a professional occupation. In 2011, 44.1% of the homes in Newcastle were owner-occupied compared with 45.7% in 2016.

Newcastle has 5,034 properties. Over the last 5 years, Houses in Newcastle have seen a 39.10% increase in median value, while Units have seen a 38.65% increase. As at 30 September 2024:

  • The median value for Houses in Newcastle is $1,716,598 while the median value for Units is $930,146.
  • Houses have a median rent of $750 while Units have a median rent of $660.
There are currently 37 properties listed for sale, and 15 properties listed for rent in Newcastle on OnTheHouse. According to CoreLogic's data, 264 properties were sold in the past 12 months in Newcastle.

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Ryan Houston
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Gabrielle Coleman
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Presence Newcastle, Lake Macquarie, Central Coast & Hunter
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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.